World Bank to Boost Africa’s Power Supply With New Solar Scheme

Author: Emmanuel Iruobe

The World Bank Group will boost access to modern alternative energy across Africa through a new solar energy scheme. According to the multilateral finance institution, the project will create a viable market for private solar power projects and further help governments increase the supply of energy for millions of consumers across the continent.

The initiative builds on the World Bank Group’s experience in promoting small and larger-scale solar power development in emerging economies around the world and on South Africa’s successful Renewable Energy Independent Power Producer Program (REIPP).